Crypto Hedge Fund Arca Closes Digital Income Fund That Had UST Exposure, Funds Returned to Investors

2022/11/04 15:48

Crypto hedge fund Arca has closed its Digital Income Fund, which was launched in August 2021 and sought to invest in less volatile digital assets, with just over $20 million in assets under management at the time of closure, with the funds returned to investors. The fund's total assets were valued at $53 million as at 30 June. Arca previously revealed that the digital income fund held TerraUSD (UST) Stablecoin, but sources familiar with the matter said this was not the main reason that forced the fund to close. arca also currently manages the flagship digital asset fund, the venture-focused Arca Endeavor and NFT funds.

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